USD to stay under pressure very near term – Danske Bank

In view of analysts at Danske Bank, USD looks set to stay under pressure very near term with yesterday’s Fed speakers and minutes cementing ‘Fed flexibility’, not least if trade talks progress further.

Key Quotes

“Fed-induced USD strength seems to be drawing to a close, but we are likely to need a more confident ECB before EUR/USD can break firmly out of autumn ranges on the upside. The ECB minutes today may not enlighten us much further here.”

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